Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
American Electric Power
AEP
$65.8B
| $460M | 0.84% |
6,846,760
+546,632
| +9% | +$35.4M |
|
2
PG&E
PCG
$38.8B
| $360M | 0.66% |
5,418,628
-1,634,449
| -23% | -$104M |
|
3
Devon Energy
DVN
$54B
| $347M | 0.64% |
8,327,733
+2,836,296
| +52% | +$125M |
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $323M | 0.59% |
1,368,300
+843,300
| +161% | +$196M |
|
|
APC
5
DELISTED
Anadarko Petroleum
APC
| $319M | 0.58% |
5,143,153
+326,008
| +7% | +$21.7M |
|
6
Visa
V
$693B
| $283M | 0.52% |
3,186,897
+898,102
| +39% | +$77.3M |
|
7
Xcel Energy
XEL
$47.7B
| $279M | 0.51% |
6,283,163
+1,267,011
| +25% | +$53.7M |
|
8
McDonald's
MCD
$192B
| $268M | 0.49% |
2,064,379
+877,738
| +74% | +$110M |
|
9
Pinnacle West Capital
PNW
$11.8B
| $255M | 0.47% |
3,054,354
-530,703
| -15% | -$42.4M |
|
|
CMA
10
DELISTED
Comerica
CMA
| $240M | 0.44% |
3,502,853
+3,163,611
| +933% | +$221M |
|
11
Microsoft
MSFT
$3.59T
| $238M | 0.44% |
3,615,150
+2,119,593
| +142% | +$136M |
|
12
Molson Coors Class B
TAP
$8.01B
| $226M | 0.41% |
2,356,893
+246,186
| +12% | +$24M |
|
|
13
Apple
AAPL
$4.51T
| $224M | 0.41% |
6,227,756
+4,749,596
| +321% | +$156M |
|
14
Range Resources
RRC
$9.59B
| $224M | 0.41% |
7,684,081
+4,773,809
| +164% | +$147M |
|
15
NXP Semiconductors
NXPI
$56.9B
| $221M | 0.4% |
2,131,305
+1,021,068
| +92% | +$103M |
|
16
CMS Energy
CMS
$21.4B
| $213M | 0.39% |
4,752,806
-2,009,016
| -30% | -$87M |
|
|
KATE
17
PUT
DELISTED
Kate Spade & Company
KATE
| $211M | 0.39% |
+140,000
| New | +$2.93M |
|
18
Merck
MRK
$376B
| $208M | 0.38% |
3,434,631
-1,514,212
| -31% | -$91.9M |
|
19
Micron Technology
MU
$1.09T
| $201M | 0.37% |
6,968,330
-3,087,510
| -31% | -$75.4M |
|
|
PE
20
DELISTED
PARSLEY ENERGY INC
PE
| $198M | 0.36% |
6,080,907
+490,373
| +9% | +$16.2M |
|
21
Colgate-Palmolive
CL
$72.6B
| $197M | 0.36% |
2,688,284
+1,566,606
| +140% | +$110M |
|
|
ANDV
22
DELISTED
Andeavor
ANDV
| $196M | 0.36% |
2,420,084
+1,966,998
| +434% | +$165M |
|
|
PPL
23
PPL Corp
PPL
$25.9B
| $193M | 0.35% |
5,153,301
+501,445
| +11% | +$17.9M |
|
24
Agilent Technologies
A
$44.9B
| $189M | 0.35% |
3,577,090
-356,448
| -9% | -$18M |
|
25
Applied Materials
AMAT
$391B
| $187M | 0.34% |
4,803,795
-666,880
| -12% | -$23.9M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.